U.S. Economic News
November 27, 2019
U.S. Economic Indicators
Real disposable personal income was down 0.3% in October, but real personal consumption expenditures (PCE) ticked up 0.1%. The PCE price index rose 0.2% (up 1.3% Y/Y), and the core price index rose 0.1% (up 1.6% Y/Y). BEA Report
The second estimate of Q3 GDP indicates that the U.S. economy expanded at an annualized rate of 2.1%, up 0.2 point from the first estimate. The reading reflects upward revisions to private inventories, nonresidential investment, and personal consumption, which were offset by downward revisions to state and local government spending. BEA Report
New orders of manufactured durable goods rose 0.6% in October after dropping 1.4% (revised) in September but are down 0.8% compared to a year ago. Excluding transportation, new orders increased 0.6% (up 0.6% from last year). Census Bureau Report
Initial jobless claims fell 15,000 to 213,000 last week. The four-week moving average fell 1,500 to 219,750. DOL Report